A, B and C decided to form a Housing Finance Company. As a Company Secretary draft an Object clause for the same. Assume other facts, if required.

Object clause for Housing Finance Company To provide long term finance to any individual, person or persons or co-operative society or association of persons or body of individuals, company or corporate, either at interest or without and/or with or without any security for construction, purchase, enlarge, or repair of any house, flats, raw houses, bungalows, rooms, huts used for residential purposes either in total or part thereof or to purchase any free hold or lease hold lands, estate or interest in any property to be used for residential purposes. To carry on the business of providing loans to persons and other entities engaged in the business of construction of houses or flats for residential or non-residential/ commercial purpose upon such terms and conditions as the Company may think fit and proper. To carry on the business of providing loan to Individuals, Co-operative Societies, Association of Persons, Companies or Corporations or such other persons or entities for any purpose, upon such securities and on such other terms and conditions as the Company may think fit and proper.